Private-equity-fund advisers balk at new oversight rules

Investment News – Financial advisers to some private-equity funds fear that efforts to reduce systemic risk in the financial markets, a key theme of the massive reform bill signed into law last week, are unfairly targeting them.

In a congressional hearing last week, Rep. Carolyn Maloney, D-N.Y., questioned a provision of the measure that will force advisers to private-equity funds larger than $150 million to register with the Securities and Exchange Commission.